Feeds

Fortinet nabs wily Coyote and its slice of security appliance cake

Or perhaps we mean pie. Made of meaty customers, anyway

Combat fraud and increase customer satisfaction

Network security firm Fortinet has agreed to to acquire application delivery, load balancing and acceleration firm Coyote Point Systems. Financial terms of the deal, structured as a merged and announced on Friday, were not disclosed.

Fortinet is best known for its Unified Threat Management all-in-one security appliances, which are used by SMEs and the branch offices of larger corporates to handle gateway anti-virus, firewall, intrusion prevention and load balancing, among other functions. It also sells high-end firewalls and other security kit. Coyote Point was founded in 1999 and markets the Equalizer ADC (application delivery controller) product line.

There's some product overlap in the deal but Fortinet is trying to reassure Coyote Point customers that there'll be no immediate cull.

"No immediate changes will be made to Coyote Point product offerings, customer support and channel programs or any existing ADC products that Fortinet markets," it said in a statement.

According to latest stats from IDC, Fortinet leapfrogged McAfee in Q4 2012 to reach fourth spot in the overall security appliance market behind Cisco, Check Point and Juniper. The Coyote Point deal will help it to expand its portfolio in competition with the likes of Blue Coat, which also markets application delivery and web acceleration products.

The security appliance market, worth $2.3 billion worldwide in Q4 2012, is highly competitive with market leader Cisco only enjoying a $351 m (15.5 per cent) slice of the pie. Vendors who don't make the top five account for more than half (53.7 per cent) of the market, according to number crunchers at IDC, which adds that Blue Coat, Palo Alto Networks, Barracuda, Sourcefire, and Dell SonicWALL all enjoyed a strong Q4 2012. ®

SANS - Survey on application security programs

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.